The last 3 trading sessions in the month of July, the Nigerian Bourse rallied as the All Share Index grew consistently by 0.58%, 0.84% and 0.19% on Friday, Monday and Tuesday respectively. However, on Wednesday, August 1, 2018, the market was down by 1.09% as the All Share Index closed at 36,612.83 points as against the previous close of 37,017.78 points.
Market capitalisation closed at 13.263trillion, declining by 1.09% from the previous close of N13.410 trillion, thereby losing N147 billion.
Volume of traded stocks declined by 1.94% closing at 240.2 million units; while value appreciated by 10.91% to close at N4.99 billion.
Market Breadth
21 stocks gained while 24 stocks lost bringing the market breadth to a negative round off.
Percentage Gainers
Neimeth led other percentage gainers closing 10% above the previous close of 50 kobo to close at 55 kobo.
The share prices of Jaiz Bank, Okomu Oil and Mutual Benefit Assurance grew 8.63%, 8.43% and 8.33% respectively ahead other stocks on the gainers chart
Percentage Losers
CAP Plc and Royal Exchange Assurance both led the losers’ chart, shedding 10% of their share price. International Breweries, Unity Bank and Equity Assurance also shed 9.73%, 9.30% and 9.09% respectively.
Volume Drivers
The most actively traded stock is Zenith Bank, trading about 94.9 million units of its shares in 408 deals, valued at N2.2 billion